Investment opportunity - 3 properties for purchase in Brixton

R 4,200,000

Can I afford this?
2 years ago384 views
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General Details
Location:
Melville, Johannesburg
Description
INVESTMENT OPPORTUNITY -

This is 3 properties spread over 3 erfs to be purchased all together or just erf 88 can be purchased separately. Erf 90 is 456sqm, erf 91 is 440sqm and erf 92 measures 426sqm.

Two of the properties are suitable for car stands and the other two are suitable for accommodation with 52 rooms and 5 board houses. 60% occupancy.

Tenant income is approximately R120 000 monthly

Property Reference #: BKM1784B

Agent Details:
Banakhumo Molefe
API Property Group
API House, First floor, 85 Wessel Road, Rivonia

Id Subtitle 988226586
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Property Loan Calculator
Purchase price
R
Deposit amount
R
Interest rate
%
No. of years
5
10
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RECALCULATE
Estimated monthly repaymentR 45,516
Total property loan amountR 4,200,000
Total interestR 6,723,768
Total repaymentR 10,923,768
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
RECALCULATE
API Property Group
Selling for 6+ years
Total Ads2.75K
Active Ads2.75K
Professional Seller
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2.14MTotal Views
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